MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.75 Million Stake in Phillips 66 (NYSE:PSX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Phillips 66 (NYSE:PSX - Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,684 shares of the oil and gas company's stock after selling 3,147 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Phillips 66 were worth $4,749,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Bogart Wealth LLC increased its position in shares of Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Phillips 66 in the 4th quarter worth $25,000. Stephens Consulting LLC increased its holdings in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC bought a new stake in shares of Phillips 66 in the fourth quarter valued at about $30,000. 76.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PSX. Raymond James dropped their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a research note on Thursday, March 27th. Wells Fargo & Company reduced their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen raised Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded up $1.19 on Thursday, hitting $112.97. The company had a trading volume of 3,588,052 shares, compared to its average volume of 2,991,945. The stock has a market cap of $46.03 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 4.84 and a beta of 1.01. The stock has a 50 day moving average price of $111.23 and a 200 day moving average price of $119.18. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the previous year, the firm posted $1.90 EPS. Analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's payout ratio is currently 109.34%.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.